Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-09-14
kilograms to The Star.
CHICAGO ANARCHISTS TO HANG.
Judgment Of the Court Below Confirmed.
A GREAT TELEGRAPH DEAL.
New York Republican Convention.
TORIES STRETCHING THEIR POWER.
A GREAT TELEGRAPH DEAL

Jay Gould 10 Swallow the II. a. O. and
the Postal COnspanies-The Most Gi.
gantic Monopoly Ever Dreamed Of
Gould Getting the Lines at His Own
Price.
Special Dispatch to THE EVENING STAR
NEW YORK, Sept. l4-Jay Gould is preparing
himself for q rare feast. He is about TO have
choice meal He is almost ready TO swallow the
Baltimore and Ohio Telegraph Company. After
he has gorged himself On 1t he will quietly cut she
Postal Telegraph Company, or as 1t is better
known, the United Lines Telegraph Company
into small and savory bits, and also swallow II.
For desert he Will take the Mackey- Bennett Gable
Company. There is not the slightest doubt that
this Is the intention OF the great fnancier half
dozen conferences have already been held and
there is talk on the subject among certain select
few In Wall street. One OF Mr.. Robert Garrett's
agents has acted on behalf OF the Baltimore and
Ohio Company. A full and explicit statement OF
the company's affairs has been handed Mr.. Gould,
and he is now investigating their accuracy for
himself. Some OF his trusted men throughout the
country have been furnished with duplicates OF
the statement, and they are also investigating.
When their reports are handed In Mr.. Gould Will
give his answer.
Mr.. Garrett has been very frank with Mr. Gould.
According TO his own showing the Baltimore and
Ohio telegraph system has been very COSTLY MIL
lions OF dollars have been lost In the enterprise
and the whole thing has been fiat-footed failure
the Baltimore and Ohio Railroad CO. and made It
necessary for a wealthy syndicate TO come TO the
rescue. Mr.. Garrett asks $3,O00,0O0 for his tele-
ultimatum, and Mr.. Gould is quoted as saying
that the price is too high, even II the condition
the property Is as represented. But Mr.. Garrett
Will take less, and so there Is not the slightest
doubt OF Mr.. Gould becoming the purchaser at
his own terms.
The Postal or United Lines, is in bad straits.
Mr.. Mackay Is authority for the statement that
the company is losing money. The men who con-
troll IT see very little prospect OF making it pay.
and they are tired OF putting their hands In their
nOckPtS- When the RalfimOrp and Ohio has bepn
amalgamated with the western Union the Postal
Will follow In its footsteps SO, too, with the
has cost millions OF dollars. 1t has never APP
preached paying basis, and Mr. Mackay is anx.
ious TO rid himself OF II. The bonanza king is said
to have lost some Of his millions In the Illinois
wheat deal, and is tired OF carrying on such an
Improbable business. Mr.. James Gordon Ben
nett, the owner OF the New York Herald, is largely
interested in the COMPANY and is opposed TO SELL
ing out to anybody, preferring to Tight Gould even
at the cost of millions, but MaeKay viii not listen
to such program, and II is only question OF how
soon the real master will appear.
Such Is the situation OF the much discussed tele-
graph and cable deal. There can be no other So
luton OF the problem. There can be no purchaser
but the Western Union. jay Gould is the western
Union Co., and when the consolidation finally
takes place he VIII be the greatest monopolist the
ern Union CO. will vote to increase the capital
stock from s, ,OO0, 600 TO $4,000 600 more to pay
pany is now sso, 600 How soon the great deal deal
will be cOnSummated remains with Mr. Gould All
Wall street. In fact the giants OF finance in all the
large cities OF this country, and in Paris London
and Berlin as we'll are watching Mr.. Gould's
movements. The sales OF Western Union stock
have been attended with much interest OF late.
First the price goes up and then II goes down. but
men who can anord TO are holding It because they
believe it will go up with bound when the oficial
announcement OF the amalgamation is made. The
Western Union Will then have no opposition, and
it can make its tolls what IL pieaSeS unless Con-
gress should step In and seek to have the Govern
ment get control OF the vast system. Some such
plan as this is sure to come up in the next Con-
greaS, and II Will cause q lively debate. such q
proposition, however, is not likely to pass.
The Western Union Co. has just prepared an in
teresting statement, showing that 1t Will have by
January l. 1888, 155, 900 miles or poles and cables
Sis 600 miles OF wire, and 1920 offices. There
are 26, 600 employees OF the company. 1t operates
enough miles OF wire to circle the globe score OF
times. 1t received and delivered 43, 2S9 SO7 mes
SageS last year. Its receipts were Sl6 29S 63S its
expenses $12 37S, 7S3, and its profits s. 9l9 S55
The Baltimore and Ohio has about 1000 ofrices
and the Postal about OO0 Most OF these Will be
closed after the consolidation. The Baltimore and
Ohio and the Postal and the ckay-Bennett Cable
Co. will add about $4,000 miles OF wire TO the
Western Union system; and then il viii be the
most gigantic monopoly In the history OF the
world.